“That will never happen to this country.” – Timothy Geitner in response to suggestions that the U.S. Treasury may one day lose its Aaa credit rating. Perhaps inspired by Niall Ferguson’s dramatic Financial Times piece, “A Greek Crisis Coming To America“, we see today as a prime opportunity to recap our short U.S. Long Term
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A second shortened week of trading will carry U.S. financial markets into the new year amidst a wide spectrum of forecasts. In addition to the regular one, three and six month Treasury auctions there will be 2-year, 5-year and 7-Year Treasury Note sales, all of which will test interest rates which have bottomed in recent
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Marc Faber, U.S. economy "bear" and author of the recently infamous "Gloom, Boom and Doom Report", speaks his mind about the prospects for growth, debt and war in the world over the next 10 years. In the interview he actually endorses stocks as a reasonable investment in the near term, due to obsessive spending by
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The 10 Year Treasury Note is the benchmark debt product of the Treasury and as the benchmark it's meant to represent the strength of the U.S. Treasury's balance sheet. If this holds true, the current fiscal strength of the U.S. Treasury is hampered at best. Debt markets are generally much less exciting than equity markets,
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